Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $.12 a share. Today, you sold the shares for $9.13 a share. What is your total dollar return on this investment?
A) $1,305
B) $1,413
C) $1,512
D) $1,394
E) $1,080
Correct Answer:
Verified
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